B Pro 1400 Property LLC
B Pro 1400 Property LLC is a gasoline station with convenience store business located in Dalton, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership of $3,241,000, approved on June 14, 2024, through Oconee State Bank.
SBA 7(a) loan, change of ownership, approved Jun 14, 2024
$3,241,000 approvedLender: Oconee State Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,241,000
- SBA-guaranteed amount
- $2,430,750 (75% of the approval)
- Lender
- Oconee State Bank, Watkinsville, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $30,024 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 447110, Gasoline Stations with Convenience Stores
- Project location
- Whitfield County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 77% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
- Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
- Average acquisition loan in Georgia: $2,017,638.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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- Smyrna Gas Enterprise LLC, Smyrna